JMP Securities Maintains Market Outperform Rating for Piper Sandler: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has maintained its Market Outperform rating for Piper Sandler (NYSE:PIPR) but lowered its price target from $174.00 to $170.00. Piper Sandler's shares are currently trading up 2.03% at $131.90 per share. A move to $170.00 would represent a 28.89% increase from the current share price.
July 10, 2023 | 5:01 pm
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Piper Sandler's price target has been lowered by JMP Securities, although the Market Outperform rating is maintained. The shares are currently trading up 2.03% at $131.90.
The news of JMP Securities maintaining its Market Outperform rating for Piper Sandler is positive, indicating that the firm still sees potential in the stock. However, the lowering of the price target from $174.00 to $170.00 might be seen as a slight negative, as it suggests a lower future value than previously estimated. The current upward trend in the share price suggests that the market is reacting positively to the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100